334 W 5th Street
Long Beach, CA 90802
- – beds
- – baths
- – sqft
- 2,001 sqft lot
- 1923 build
- – on site
Perfect 4 unit investment property right in the heart of Downtown Long Beach, benefitting from over $8 billion in new and ongoing development. The property features four 1 bed/1 bath units in 2688 square feet on a 2001 square foot lot. Well priced on actual income at 13.3X GRM with a 9% upside in rents to a market GRM of 12. Nicely remodeled interiors that offer modern finishes while maintaining the period character of the building. Simple low expense property separately metered for gas and electric. Well maintained, professionally managed Asset in a dense, high demand rental market. Attractive entry price and low price per door for a 4 unit property, offering 30 year fixed financing. The property is only 2 blocks to the massive civic center redevelopment, 2 blocks to historic Pine Avenue, and 5 blocks to Ocean Blvd. The Metro Blue Line station is only one block away for excellent transit access. Per Costar, 65% of households within a 5 mile radius are renters with an average household income of over $93,000.
Last checked:
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Last updated Mar 27, 2025
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MLS# SB25062688 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1923
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:2688.00
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Building Area Units:Square Feet
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Total Number Of Units:4
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# of Buildings:1
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Foundation:Raised
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Stories Total:2
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Entry Level:1
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Accessibility Features:None
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Common Walls:2+ Common Walls
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Faces:Northeast
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# of Separate Gas Meters:5
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# of Separate Water Meters:1
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# of Separate Electric Meters:4
Interior
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Features:Built-in Features
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Levels:Two
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Entry Location:1
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Flooring:Laminate
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Fireplace:No
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Fireplace:None
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Laundry:None
Location
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Directions:SouthWest corner of 5th and Chestnut Ave
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Latitude:33.77274100
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Longitude:-118.19596000
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:LBPD10
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Lot Features:Rectangular Lot
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Lot Size Area:2001.0000
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Lot Size Acres:0.0459
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Lot Size SqFt:2001.00
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Lot Size Source:Assessor
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View:None
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:62
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Tax Census Tract:5759.02
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Tax Tract:575...
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Tax Lot:4
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7280011005
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Utilities
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Utilities:Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Electric:Standard
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Water Source:Public
Appliances
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Appliances:Gas Range
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Included:Yes
The Community
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Subdivision:Downtown (DT)
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Subdivision:Downtown (DT)
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Features:Urban
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:No
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Parking:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/27/25
Mar 27, 2025
|
Listed / Active | CRMLS_CA | $1,050,000 | 50.0% (6.3% / YR) |
|
4/28/17
Apr 28, 2017
|
CRMLS_CA | $700,000 |
